24018 26th Place S #C102Des MoinesWA98198
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Des Moines at 24018 26th Place S #C102, Des Moines, WA, 98198 uses $111,053 cash to close to unlock $9,959/yr annual cash flow and $830/mo monthly cash flow. Total monthly income runs $2,844/mo, and a $1,640/mo payment keeps the spread at $830/mo. Purchase price stands at $335,000, and rental yield measures 10.19% with $2,844/mo rent. Return on cash invested shows 28.88% in year one, and 5% annual appreciation builds toward $92,554 over five years. Five-year ROI reaches 150.7% and total cumulative return in cash records $167,360. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,844/mo property income covering a $1,640/mo payment rather than investor’s personal income.
Condo
Built in 1993
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 98198, Seattle, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,551 (100%) |
| Owner Occupied HU | 7,940 (51.1%) |
| Renter Occupied HU | 6,643 (42.7%) |
| Vacant Housing Units | 968 ( 6.2%) |
| Median Home Value | $668,434 |
| Average Home Value | $799,850 |
Housing Distribution
Address Breakdown
Residential
14,886
Single Family
8,936
Multi-Family
5,950
Businesses
818
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Listed by: William McNeill • John L. Scott Des Moines
Mls Name: NWMLS
Mls ID: #2446169